The fundraising comes as the coronavirus pandemic has hit global automakers’ supply chains and sales.
As the global auto industry is hit hard by the coronavirus pandemic, China has become a ray of hope for automakers including Volkswagen and General Motors.
Hyundai said it exported 5,700 units during the last month as compared to 16,600 units in May last year.
The pandemic has not only devastated domestic retail sales but has now put a major proportion of jobs dependent on the sector in jeopardy.
The Company resumed its manufacturing operations post lockdown from May 12th at its Manesar facility and from May 18th at its Gurugram facility.
Nissan said its global vehicle production dropped 62% in April to 150,388 vehicles from a year ago.
Under the Nissan Virtual Showroom initiative, the company's SUV Kicks and the entire Datsun range cars can be booked and purchases online
New car registrations in the 27 European Union markets fell by 76.3 percent from the same month a year earlier, the European Automobile Manufacturer's Association said.
Current electric vehicle batteries typically last 100,000 to 200,000 miles.
The Society of Indian Automobile Manufacturers said that the auto industry is facing an unprecedented challenge with 18 per cent degrowth last year.
in a statement, Maruti Suzuki India said that the operational showrooms will abide by all the new safety protocols and guidelines laid down by the government.
The auto sector is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18% last fiscal year to 21.5 million vehicles due to economic slowdown.
Just 38,922 new cars and light commercial vehicles were sold in Russia in April.
The Standard Operating Procedures (SOPs) for the dealerships include preparation before the restart of operations in terms of facility readiness, equipment fitness check and more,
Usually, there are 28 touchpoints between enquiry and delivery of a vehicle out of which 17-21 have been digitized by the company to minimise contact.
The company said it has introduced several safety and hygiene measures as it prepares to "welcome back customers" across all its touchpoints.
Nissan has also reopened its office in Gurugram as per local government guidelines.
Volkswagen has said that the sales of passenger cars in China were above year-earlier levels in the last week of April.
Lockdown measures have been in place across Europe since mid-March to contain the pandemic, leading to the closure of many businesses and limiting people’s movements.
The Indian customer's views and behaviour towards an online car purchase platform is only going to evolve.